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On the record: Markus Jooste’s trustee opens up on SARB’s R4.8bn asset raid 

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SA businessman Gary Harlow, named in High Court papers which sanctioned yesterday’s seizure of Steinhoff CEO Markus Jooste’s assets, says he will help the authorities in anyway possible. In this interview with Alec Hogg of BizNews, Harlow explains how shortly after the Steinhoff implosion in 2017 he agreed to become a trustee of Silveroak, Jooste’s family trust. He also unpacks the history of his relationship with SA’s biggest corporate fraudster - and shares what happened at Silveroak during the past four years of his trusteeship.

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18 окт 2022

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Комментарии : 213   
@hans2020
@hans2020 Год назад
The smartest, best informed, loyal,worldly friend who was "not played". Utter bullsh#t.
@Markymark42
@Markymark42 Год назад
Its astounding that Gary feels sorry for Markus Jooste as though Jooste is a victim in all this debacle. Jooste systematically intentionally defrauded people of millions. He is a clear perpetrator who has hurt many people financially due to his absolute greed.
@idaerasmus9617
@idaerasmus9617 Год назад
Yes Marc...he did not wink to screw anyone coming in his way, under the name of ambigeous, maybe its not a good characteristic........
@cobusbrits2
@cobusbrits2 4 месяца назад
I think Gary has a gentle and trusting nature, something Markus recognized and used.
@tumelomoraka9017
@tumelomoraka9017 4 месяца назад
Very appalling for that matter. Just Wow!
@johannlerouxvanniekerk4835
@johannlerouxvanniekerk4835 4 месяца назад
This Gary is a world class bullshitter! Keep away from any compony he is on the board of.
@crispinswainstonharrison9042
It’s us poor ordinary people who save with pain on a monthly basis into pension funds who have been screwed.
@paulharvey9963
@paulharvey9963 Год назад
Agreed. Stopped the interview at 21 minutes because I felt nauseated by this apologist, worming around the reality and telling us how sad it is for the Jooste family. Sorry Alec, but you let this guy talk too much garbage before trying to impress the reality upon him...
@deonfurnell2775
@deonfurnell2775 Год назад
Raw, real, gone wrong backed by big players in Stellenbosch, and still chin up in church and teach values and business ethics, with boer boel arrogance. Ha ha, ha. Stellenbosch mafia all over.
@TomGreen-to5rw
@TomGreen-to5rw Год назад
Gary you will never understand what it means to people having no job no pension no home no food and you still see yourself as an uncle for his family. Why do you not sympathize with the people who was stolen from. Your are morally totally on the wrong side
@jackiemullen2356
@jackiemullen2356 3 месяца назад
You are what you mix with! Very simple! No rocket scientist needed to fathom that out! Poor Gary!
@colingeel8619
@colingeel8619 Год назад
Gary even though you deny it you were “played” and still being “played”.
@rcaderful
@rcaderful Год назад
these people are gross. gary exhibits a warm heart but his loyalty is misplaced. his defense of his rich buddy who has intentionally defrauded people shows how the 'wealthy' take care of each other. WMC at its best display here! thank you for this insight.
@christinefinniss6263
@christinefinniss6263 Год назад
Gary, you’ve been played.
@user-po3me4gr6g
@user-po3me4gr6g 4 месяца назад
This person was asked to look after family like criminals normally do when they reach the end of the road to their vlbuddies. Now he ask not to be judged saying he never took a fee. Would have had the same trust if it was a government official. These people make you sick with their hypocrisy
@sizla8837
@sizla8837 4 месяца назад
😢And then 21st March, Markus has gone to his grave, we need a part 2 of this interview
@Mvubo
@Mvubo 4 месяца назад
Yes.
@Potjie57
@Potjie57 Год назад
Typical signs of a sociopath they take reckless risks, know how to play people, psych out their weaknesses and exploits it.
@mariananel3102
@mariananel3102 Год назад
If you are referring to Markus, I agree. If you are referring to this trustee, I do not agree. I do think he is a good man and do business ethically. However, he should broke the business relationship with Markus, the moment the corruption his client is involved with, was made public.
@Potjie57
@Potjie57 Год назад
@@mariananel3102 referred to Markus
@idaerasmus9617
@idaerasmus9617 Год назад
Absolutely more narsistic to me though...
@sagransukhessan7860
@sagransukhessan7860 Год назад
He considers himself smart? Business not for women? Making all sorts of excuses for the indefensible? Became a trustee when he was told “if anything happens to me “. Wasn’t even a friend?Doesn’t stack up….and doesn’t appear very smart after all?
@elektrolyte
@elektrolyte 4 месяца назад
"Gary, he's a massive fraudster..." "..........."
@user-lt7bh7gh1o
@user-lt7bh7gh1o 4 месяца назад
"He repeated: "no good deed goes unpunished" - him saying this twice definitely raises alarm.
@janfourie7590
@janfourie7590 4 месяца назад
Regret doing a good deed and getting burned, but also admitting that it was in his nature to help a friend in need etc. This regret is what he repeated because this is his sin and failure because of his nature to want to "take care of the family"
@juanitaleroux2621
@juanitaleroux2621 Год назад
And then Marcus plays the Christian card. Unbelievable.
@peterwomersley
@peterwomersley 4 месяца назад
as they do Repented and come to Jesus!
@jskok3280
@jskok3280 4 месяца назад
Yes, I agree. That's what narcassits and physcopaths frequently do when they are in a corner. Markus was a brilliant businessman and equally a brilliant manipulator. That's why he got away with it so long. Either Gary was too loyal or too naive to see through things. Some answers given during this interview just don't add up. Especially coming from a person of Gary's stature. Markus has played him like he played everyone else and Gary allowed it. Being a reborn Christian myself, I must confess that I am in many instances naive and people coming for help sometimes play me, and I occasionally fall for their tricks , only to discover later that I have been played. Hopefully, I have learned my lesson, but trusting people is a risk in many respects. As they say, there is no sight like a hind site.
@janrabie1890
@janrabie1890 Год назад
Gary forgets that Regulation 28 forces retirement funds to invest 55% of their funds in South African assets. Considering the small size of the JSE, many funds are therefore "forced" to invest in ALSI 40 assets like Steinhoff. It is not like anyone who is JSE shareholder is voluntarily taking a risk. You are forced to contribute to a retirement fund and the fund is forced to invest in SA companies like Steinhoff.
@lorrainebotha5293
@lorrainebotha5293 4 месяца назад
I am now over 80 and I never invested in' Steinhoff for the simple reason that the dividends were very low. That saved me!!! I do my own investing - if I loose I can't blame anyone else.
@edenlanser32
@edenlanser32 Год назад
But Gary, where did the money come from to buy the assets in the trust....come on man.
@wellinever1558
@wellinever1558 Год назад
Yes my problem is why didn't he ask more questions. Isn't that part of his fiduciary duty. Don't you have to know that to take on a trust.
@charlesmaisel2935
@charlesmaisel2935 4 месяца назад
So interesting watching this now. If this guy I'd an example of governance we are all in trouble
@Sp8e
@Sp8e Год назад
The guy is guilty. Tried so hard to not get disturbed while he is regurgitating what he prepared.
@cainestadler9414
@cainestadler9414 4 месяца назад
He was never a success. It was fraud. That's a lie
@wellinever1558
@wellinever1558 Год назад
There was something off here. In 4 years he must have got to know the full story. Did he not take fees so that he could not be seen to be complicit in anyway. Wilful blindness. Why is he protecting him so much and so loyal when they were not really friends. Markus wasn't really liked by the people he forced his way into. I do remember a horsebreeder saying he really had a good eye for horses. They were in partnership together. He lost plenty after this broke. He Markus was an out and out conman with no conscience and they always say they have done nothing wrong. Just like zuma. Never mind the casualties and devastation left behind.
@janviljoen7001
@janviljoen7001 Год назад
Horses cannot be looked at to determine quality, they must be tested either on track or on the field.
@lorrainebotha5293
@lorrainebotha5293 4 месяца назад
@@janviljoen7001 Especially race horses.
@chrispohl5391
@chrispohl5391 Год назад
This is really to much "Humanity - what about the humanity of all those he stole and cheated from KNOWINGLY!!
@LeadingLight481
@LeadingLight481 4 месяца назад
Markus was cooking the books and Gary here says "he knows how to read a balance sheet" Just because it is a document doesn't make it true.
@anilsalick
@anilsalick Год назад
Gary appears loyal, trustworthy, and honest. A little naive? Yes.
@noxolotshabangu8055
@noxolotshabangu8055 Год назад
There’s no way a person with his business savvy can claim naïveté. He’s just doing PR here.
@hyltonleaf-wright4298
@hyltonleaf-wright4298 Год назад
Sorry. He could have associated with a better class of person. His choice.
@tyronpedlar5449
@tyronpedlar5449 Год назад
No sorry for the people that he took all the money from? Sorry to the family? Really!! Some people lost every thing they had in this and you crying from the family and Markus. It's clear why Markus came to you.
@johannlerouxvanniekerk4835
@johannlerouxvanniekerk4835 4 месяца назад
Can’t trust this Gary as far as you can through him.
@elizejansevanrensburg4099
@elizejansevanrensburg4099 4 месяца назад
Trusts are 4 Skelms - SARS should scrutinise dealings
@thorstenwanoth6774
@thorstenwanoth6774 Год назад
Gary comes across as a decent human being. While the Steinhoff Shi..sh.w no doubt affected many hundreds (1000's) of people massively, there is much need for damage control.
@janrabie1890
@janrabie1890 Год назад
Read Rob Rose's book "Steinheist" where he tells the story of how one of Markus' former friends bumped into him and his wife at the airport. When he said:" Hi Markus" his wife Ingrid apparently responded: "That is Mr Jooste to you".
@TycoonRR
@TycoonRR Год назад
😂 well he is Mr Jooste…
@mariananel3102
@mariananel3102 Год назад
@@TycoonRRIf this little story in the book is true...yes, when addressing your client in a public environment, you do adress your client as for example "Mr Jooste ". But his trustee kept on saying that they are friends. Friends does not greet people on their titles...
@mariananel3102
@mariananel3102 Год назад
Especially in an informal situation like the situation described in the book
@letlho83
@letlho83 Год назад
She needs a reality show 🤣
@andrewmcfarlane335
@andrewmcfarlane335 Год назад
It was not a friend but a Journalist.But terrible manners anyway.
@ayeshasalie1187
@ayeshasalie1187 Год назад
Lol. We need to sell the art cos that's all we have to live on. And then it's R25mio! Hard to feel sorry when he has committed fraud to such a huge extent and so many people suffered because of that fraud. Did Jooste think of all those people when he was being crooked?
@wellinever1558
@wellinever1558 Год назад
Has no conscience that is how he could do it.
@raydups4068
@raydups4068 Год назад
Jooste deserves everything that is coming to him...and this guy is trying to defend him...unbelieveable...
@seamus9750
@seamus9750 Год назад
The bigger they are the harder they fall....
@bakergovender3291
@bakergovender3291 Год назад
When are we going to see the Sabs going after Cyril.
@hanlibadenhorst7837
@hanlibadenhorst7837 Год назад
From a womam, and a wife and an Trustee of my own little family trust - Gary Harlow, rather STOP talking to the media!!!!!
@errolG68
@errolG68 Год назад
Gary you are one hell of a guy, and really hope you can keep it going because there are tough times ahead, good luck 🤞 kind regards
@andrebarberis4265
@andrebarberis4265 4 месяца назад
From his comments and everything he uttered in this interview. Mr. Harlow is quite an honourable man.
@DouImage
@DouImage Год назад
Gary I grew up believing that 'show me your friends and I will know you', so if Jooste is your friend then it tells me who you are. Maybe you should chat to some of the many who lost a lot due to your friend's criminal behaviour and then decide what he and his family deserve?
@RSVPrr
@RSVPrr Год назад
That is a very narrow way of judging people. Surely an individual's views are more telling of their character than who they talk to. In any case, it's an interview, not a date, even serial killers get interviewed. Besides we want to hear what he has to say.
@carelvanwyk6048
@carelvanwyk6048 Год назад
Gary you should get yourself a good lawyer. Good luck .Carel
@karynkarynmoraitis7482
@karynkarynmoraitis7482 Год назад
Thanks!
@motsepematlala82
@motsepematlala82 4 месяца назад
A friend indeed no matter what may have happened
@dipeshjivan7715
@dipeshjivan7715 Год назад
If he found Lord, then as a good Christian he should confess to the truth and accept his punishment.
@mariananel3102
@mariananel3102 Год назад
...yes, there should also be reconciliation. The R25mil can be divided to old people who lost everything due to this scandal. It wil not be much, but at least....
@nisebiggs6572
@nisebiggs6572 9 месяцев назад
Biblically, you need to pay back four times what you stole.
@nisebiggs6572
@nisebiggs6572 9 месяцев назад
'Business is not for women' says this sucker, who now needs a lawyer, and probably a psychologist. Of course Jooste appreciated that he didn't want pry.
@wellinever1558
@wellinever1558 Год назад
Hope they apply the Magnitsky Act. This is just the right thing to freeze everything.
@ryanhalkett5665
@ryanhalkett5665 Год назад
Hope Lawyers gave him a briefing what to say 🎉🎉
@phillipsugwas
@phillipsugwas 4 месяца назад
"Mistakes," naive", "poisoned fruit," follow the money , " ultimate beneficial ownership"?? how on any thought through basis could anyone this side of the planet Mars think that any, repeat any contact/ business relationship with this man was not the same as driving with a hood over your eyes?
@sudhirmunasur5508
@sudhirmunasur5508 4 месяца назад
On a humanitarian level Gary scores well. On a corporate level he exposes himself to the elements and even puts himself at risk. However, so many people have lost their money/or life savings etc., and this is the burning issue. The 34mins of this interview is of no solace to those who lost their money.
@markmcculloch2570
@markmcculloch2570 Год назад
Now Markus is gonna get really ill. Watch this space
@ytuber3801
@ytuber3801 Год назад
Was he arrested?? I really wish he was
@user-xv9bz4mk5h
@user-xv9bz4mk5h 4 месяца назад
Gary how much did you make,.
@nisebiggs6572
@nisebiggs6572 9 месяцев назад
There is one born every minute. This is one of those.
@ofentsemabe7532
@ofentsemabe7532 Год назад
Man's said business is not for women without batting an eyelid... And he sits on public boards. Can you imagine any woman working under him trying to get a promotion hearing that? Wow...
@noxolotshabangu8055
@noxolotshabangu8055 Год назад
Old boys club type of person. He’s excusing, and obfuscating for his friend. Bad news, these people.
@noxolotshabangu8055
@noxolotshabangu8055 Год назад
@@Dvw87 I am not referring to Jooste and what he said.
@WHOLT2
@WHOLT2 Год назад
Christo Wiese another good man who I’m sure was a friend of his correctly said the wheel of justice turn slowly but they do turn… there you have it. Not a brilliant businessman but a thief and con artist no defense
@christinefinniss6263
@christinefinniss6263 Год назад
Wow Gary 😳 Business is not for women ? 👎🙈
@leopillay3690
@leopillay3690 4 месяца назад
That's a very sexiest comment from a man that supposedly should have some common sense ....an indictment to business women...man lacks wisdom..period 🤔
@alexanderwilliamviviers2532
Gary Harlow comes across as a great/real man! Must say his class speaks volumes. To have a friend like him in life is very special.
@yasmindeedat8113
@yasmindeedat8113 Год назад
Oh yes. When the truth gets out. When it falls it hurts. What about those who lost out. Who will take care of them ?? Will Gary be able to help them pick up the pieces Don’t believe everything u read. Look learn and use leverage
@peterwomersley
@peterwomersley 4 месяца назад
Seems like a relationship on a need to know basis ?
@erileneschioedt6219
@erileneschioedt6219 9 месяцев назад
Oh, puleaze! 🤮 pukeworthy sentiments towards a family that have no care or remorse that their money was procured through fraudulent means. Poor Marcus se moer! Ag no, sies Gary! 🤬🤢
@mosesmabele1255
@mosesmabele1255 Год назад
The whole family benefitted from this revolting act.
@nicolettemathiasdotcomquee5414
This is a good man.
@guidobrits6593
@guidobrits6593 4 месяца назад
No, it's clear Gary wasn't played. I have a lot of respect for him. What I don't like is Alec's way of not listening to him, keeps interrupting and interrogating him in implicating himself.
@sammysaunders5689
@sammysaunders5689 3 месяца назад
'Business is not for women' as an excuse for why his wife was not informed of the severity of the situation...
@mosesmabele1255
@mosesmabele1255 Год назад
Gary, all the best to you and good luck.
@themanfromnam8446
@themanfromnam8446 Год назад
The rich protecting the rich. I believe Gary is heartfelt and sincere. Where he falls short is in his lack of empathy for the man in the street. They are all so sheltered by their wealth they have lost touch with the value of money. A million rand... not a big loss ? Give R50k to 20 needy families and see what impact it would have in their lives. The level of greed and entitlement is revolting ... unbearable. Gary... you care so much about your reputation and the welfare of this family that has known nothing but opulent wealth and luxury, that you forget about the 1000's of working class families that were impacted through your friend's fraud, theft, lies and self centered selfishness. We should forgive... yes. But why does your friend not sell all his worldly assets give the money to the affected working class families, buy a middle class home and get a regular accounting day job like a normal working class person ? A start over like a normal person? Why does he not do that? Why? Greed.... self centered Greed. He does not really care about anyone that he has hurt. He only cares about himself.
@elizejansevanrensburg4099
@elizejansevanrensburg4099 4 месяца назад
Naieve haha come on get real
@themanfromnam8446
@themanfromnam8446 4 месяца назад
@@elizejansevanrensburg4099 just look at what happened... easy way out.
@themanfromnam8446
@themanfromnam8446 4 месяца назад
@@elizejansevanrensburg4099..... Maybe
@DeanWilliamMills
@DeanWilliamMills 4 месяца назад
And the paw paw hits the fan...
@wjg203
@wjg203 4 месяца назад
A follow up on this wouldbbe nice
@pietvdlinde8841
@pietvdlinde8841 Год назад
How come he is only concerned about the Jooste clan and not about people who lost their only pension which in many cases were their only income. Good shoe Gary but it doesn’t wash.
@janviljoen7001
@janviljoen7001 Год назад
Blood is thicker than water.
@janojanuary
@janojanuary 4 месяца назад
Gary had a soft spot for ol Markus
@donaldgray2128
@donaldgray2128 Год назад
I bet they still driving their Mercs
@louizadutoit5427
@louizadutoit5427 4 месяца назад
If he was" the best thing in the business world". It explains a lot about the corruption in SA!!!!!!!
@mosesmanaka8109
@mosesmanaka8109 Год назад
Well it's not professional of you to disclose confidential information regarding your clients with the world which is in violation of your fiduciary duty as an Accountant. I certainly will not be making use of your services.
@jcoetz2008
@jcoetz2008 Год назад
Nice to loose R1mn without worrying about it. Naive or just turning the blind eye???
@robertanderson6086
@robertanderson6086 Год назад
Good to see Markus has found God ( don't they all??) Quite incredible that this Gary chap is concerned about his reputation after making a comment like 'business is not for women' The fact that he is so flippant about loosing a bar on Steinhoff in his Investec account shows just how detached from the reality of life in 2022 he is
@georgetownsend7066
@georgetownsend7066 4 месяца назад
How misguided can you be? YOUR duty is to handover these illegal assets.
@omphilemathole4450
@omphilemathole4450 Год назад
Who has not lied in business.
@Aapvanikaap
@Aapvanikaap 4 месяца назад
Listen to the delicate tinkle of alarm bells.
@DokoloCity
@DokoloCity Год назад
Wow R1m is not a significant loss...
@noxolotshabangu8055
@noxolotshabangu8055 Год назад
Then they say they are not privileged.
@Scott.Silburn
@Scott.Silburn Год назад
Why's he sweating...? 😜
@YESYES-qz2ex
@YESYES-qz2ex Год назад
It really does not matter who did what. Upon a person's death, the Almighty is waiting. And the guilty ones will have an eternity to repent. But for the grace of God, there go I.
@spiritofafricatrust7832
@spiritofafricatrust7832 Год назад
honourable man .Well done ,My suppurt to u
@melanieelepen3180
@melanieelepen3180 4 месяца назад
🤮
@rossitherhodie5659
@rossitherhodie5659 4 месяца назад
And Now - same road as Pretorius
@hlamalanimaluleke4553
@hlamalanimaluleke4553 Год назад
I feel sorry for this man. It looks like he may be I'm trouble with the law. It looks like he was played.
@peterdenham9510
@peterdenham9510 Год назад
Jooste ... you directed a business that delivered a world class value destruction result and yet no apology to the shareholders that you caused suffering too, unless i missed it.
@Paperscissor183
@Paperscissor183 Год назад
It is problematic that he feels sorry for the family and not investors
@voertsek8404
@voertsek8404 Год назад
This oke is as filthy as they come. He knows a lot more.
@optimistic5778
@optimistic5778 Год назад
How much was SARB entitled to sieze?
@umfundiseThabo
@umfundiseThabo 3 месяца назад
To say "we all make mistakes" is realy not the issue (comment after his death). Yes, we all do make mistakes but we all does not commit an offence.
@larrymeyer2917
@larrymeyer2917 Год назад
Nobody should judge the relationship, there are friends you just never reject, in good or bad times. This case, and I know very very little about it sounds like a version of the Madoff Ponzi scheme. Greed by the investors without checking the business, and its not easy to get that information with a dominating CEO, but that’s the time to run if its your retirement at risk.
@peterwomersley
@peterwomersley 4 месяца назад
Gary seems like decent human being but streetwise he is not Psychopaths can be really really convincing. especially for the naive .
@tjsteenekamp6588
@tjsteenekamp6588 Год назад
A rare virtue indeed in corporate SA - a man with integrity....!
@miavos3610
@miavos3610 Год назад
Anything to get to his money.
@markmcculloch2570
@markmcculloch2570 Год назад
Gary is a decent man !
@Yossarian1654
@Yossarian1654 Год назад
No. He’s helping Markus’s family benefit from and live off of stolen funds. How is that decent?
@MarnusvdMerwe
@MarnusvdMerwe Год назад
A distraction for us not to ask questions about offshore accounts. Luxembourg, Switzerland, Isle of Man, Cayman Islands there are plenty and Markus was a smart man who travelled alot.
@lehlohonolomogadime6161
@lehlohonolomogadime6161 Год назад
When whites steal steal they are smart, when blacks do the same they are not educated and corrupt? Heeeeeeee South Africa is a circus!🤣🤣🤣🤣🤣🤣
@janviljoen7001
@janviljoen7001 Год назад
Of course, he hid money. I know a man who worked in Mali, who flew to Island of Man in the morning and be back in the afternoon. No harm done.
@sydneymail9880
@sydneymail9880 Год назад
All the expensive hublot,Ap, Rolex. That are stored there you can easily store 20mill
@juanitaleroux2621
@juanitaleroux2621 Год назад
He was quick to create a trust. He knew what was coming. His victims did not and did they have time to create a trust???
@Mvubo
@Mvubo 4 месяца назад
Prescient.
@johnnyeveritt5695
@johnnyeveritt5695 Год назад
To Me; Big-G's Body-Language / Nervy and Twitchy Tells Are A Give-Away Of NOTE ... !
@janojanuary
@janojanuary 4 месяца назад
Bro got played
@noxolotshabangu8055
@noxolotshabangu8055 Год назад
Jooste must be put into jail. And why is this Gary guy sanitising Markus’ image? And I just don’t believe Gary.
@johanbezuidenhout2919
@johanbezuidenhout2919 4 месяца назад
My friends wife work for Jooste at Goma Goma as his secatary He treat her like shit and swear at her Her husband was a strong guy and nearly gave jooste a hiding
@willie7054
@willie7054 Год назад
Gobsmacked, like the interviewer was. Self incriminating to the tee, a disconnected distant trustee who obviously wasn't in control of the trust or its assets or compliance with the Act & he didn't contemplate resigning ?
@jksinorbit
@jksinorbit Год назад
This money will find its way into ANC party/individual coffers
@Mvubo
@Mvubo 4 месяца назад
Prescient
@wellinever1558
@wellinever1558 Год назад
This was an ex parte order that is why Gary didn't know. Only one side knows about it.
@alechogg6783
@alechogg6783 Год назад
Thanks - only got the court papers after the interview…….
@janviljoen7001
@janviljoen7001 Год назад
Correct, done by the Reserve Bank not the Hawks or Police. So, will the RB also attach the goods of the State Capturers ala Zondo? I guess not.
@nicholasrohland7194
@nicholasrohland7194 Год назад
sell the art to live on?? LOL, Are we expected to believe that BS.... Birds of a feather.
@figgettit
@figgettit Год назад
cheap floral business shirts are a tell
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